Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On February 24, 2021, the board of governors of Highwater Ethanol, LLC (the "Board") appointed Gerald R. Forsythe to fill a vacancy on the Board. Mr. Forsythe will serve for the unexpired term of his predecessor or until 2023. Mr. Forsythe is expected to be named to one or more committees of the Board. However, no determination has yet been made as to which committees he will be named.

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